FTX Founder Sam Bankman-Fried was sent to jail in New York City.

FTX Founder Sam Bankman-Fried arrested for tampering with witnesses. (Photo: iStock)

FTX founder Sam Bankman-Fried had his bail revoked by a judge after allegedly trying to influence witnesses in his fraud case. US District Judge Lewis Kaplan has ordered for the founder to be remanded to a federal detention center.

From the article released by Patch News, FTX Founder Sam Bankman-Fried was sent to jail after a bail hearing after Judge Lewis Kaplan was convinced that he had allegedly tried to influence witnesses for his fraud case.

US District Judge Lewis Kaplan has ordered the FTX Founder Sam Bankman-Fried’s bail to be revoked after prosecutors stated that he has been harassing a key witness in his fraud case just last month. Prosecutors have said that the FTX founder Sam Bankman-Fried showed a journalist the private writings of the key witness, as well as trying to reach out to the general counsel for FTX with an encrypted communication in January.

Judge Kaplan stated that he had come to the conclusion that there was reason to suspect that FTX founder Sam Bankman-Fried had attempted to tamper with witnesses twice since his detention in December.

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Insisting that their client shouldn’t be imprisoned for attempting to save his name, Bankman-Fried’s attorneys argued that their client’s motivations were honorable.

According to the news released by the Associated Press, FTX Founder Sam Bankman-Fried was under house arrest at his parents’ home in Palo Alto. FTX Founder Sam Bankman-Fried was extracted from the Bahamas for the charges that he had defrauded investors in his business, as well as diverted millions of dollars’ worth of cryptocurrency using his FTX exchange. 

And Although FTX Founder Sam Bankman-Fried’s bail package was to restrict the usage of his phone and the internet, the judge said that the rules did not stop FTX Founder Sam Bankman-Fried from reaching out to a top FTX lawyer.  Two weeks ago, prosecutors have surprised FTX Founder Sam Bankman-Fried’s lawyers by demanding Bankman-Fried to be incarcerated, stating that FTX Founder Sam Bankman-Fried has violated the rules by showing the private writings of his former girlfriend, Caroline Ellison, who is the key witness to his fraud case. 

Bankman-Fried’s attorneys have argued that the prosecutors were trying to get Bankman-Fried to be locked up by giving evidence consisting of innuendos and speculations. Judge Kaplan has placed a gag order prohibiting public statements by those involved in the trial, including FTX Founder Sam Bankman-Fried, ever since the prosecutors made their detention request.

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